NOT LISTED FOR SALE

Estimated Value: $297,459 - $336,000

1 Bed
1 Bath
954 Sq Ft
$529/mo HOA Fee

Last Sold March 29, 2024

Current estimated payment $2,654/month

44 Days on Market

Highlights

  • Gated Community
  • Wood Flooring
  • Beamed Ceilings
  • Oppe Elementary School Rated A-
  • High Ceiling
  • Fenced Yard

About This Home

As of March 2024

Highly sought after loft in Galveston's Art District. Located in the Art Deco inspired Galveston Electric Company Building, this furnished, immaculate 1/1 features an open concept living area with high ceilings, gorgeous cabinetry, granite countertops, beautiful hardwood floors and tons of windows. Here's your chance to live in the middle of it all - walk to amazing restaurants, shops and events. Only blocks from The Strand, UTMB and the Port of Galveston. This unit also comes with TWO assigned parking spots in a private, gated parking area adjacent to the building. Hurry, make your appointment today, this one won't last! This condo has been continuously used as a long-term, furnished rental for the last few years. No short term rentals allowed.

Last Agent to Sell the Property

Susanna Mayberry

RE/MAX Leading Edge License #0616427 Listed on: 01/18/2024

RE/MAX Leading Edge

Last Buyer's Agent

Sue Johnson

Better Homes and Gardens Real Estate Gary Greene - Galveston License #0172481

Better Homes and Gardens Real Estate Gary Greene - Galveston

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,458

Year Built

  • Built in 1917

Lot Details

  • 871

HOA Fees

  • $529 Monthly HOA Fees

Home Design

  • Slab Foundation

Interior Spaces

  • 954 Sq Ft Home
  • 3-Story Property
  • Beamed Ceilings
  • High Ceiling
  • Ceiling Fan
  • Window Treatments
  • Family Room Off Kitchen
  • Living Room
  • Combination Kitchen and Dining Room
  • Utility Room
  • Security Gate

Kitchen

  • Breakfast Bar
  • Electric Oven
  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom
  • Bathtub with Shower

Laundry

  • Laundry in Utility Room
  • Stacked Washer and Dryer

Parking

  • Electric Gate
  • Assigned Parking
  • Controlled Entrance

Schools

  • Gisd Open Enroll Elementary And Middle School
  • Ball High School

Additional Features

  • Fenced Yard
  • Central Heating and Cooling System

Community Details

Overview

  • Association fees include insurance, ground maintenance, maintenance structure, sewer, trash, water
  • Gec Lofts HOA
  • Galveston Electric Co Lofts Subdivision

Security

  • Controlled Access
  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,458

Year Built

Built in 1917

Lot Details

0

HOA Fees

$529 per month

Listing Details

  • Directions: I45-S to Broadway. Left on 21st Street. Left on Church and Electric Company Lofts will be on the Right.
  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Year Built: 1917
  • Ownership: Full Ownership
  • Subdivision Name: Galveston Electric Co Lofts
  • Architectural Style: Other
  • Unit Levels: One
  • New Construction: No
  • Property Sub Type Additional: Condominium
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dryer, Washer/Dryer Stacked, Dishwasher, Electric Oven, Electric Range, Disposal, Microwave, Washer, Refrigerator
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Flooring: Tile, Wood
  • Interior Amenities: Beamed Ceilings, Breakfast Bar, Open Beams/Beamed Ceailings, High Ceilings, Kitchen/Family Room Combo, Tub Shower, Ceiling Fan(s), Kitchen/Dining Combo
  • Living Area: 954.0
  • Dining Room Type: Kitchen, Living Room, Utility Room
  • Stories: 3
  • Window Features: Window Coverings
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Disclosures: Seller Disclosure
  • Roof: Other
  • Pool Private: No
  • Construction Type: Other
  • Exterior Features: Fence
  • Foundation Details: Slab

Garage/Parking

  • Parking Features: Assigned, Controlled Entrance, Electric Gate

Utilities

  • Laundry Features: Laundry in Utility Room, Electric Dryer Hookup, Stacked
  • Security: Security Gate, Controlled Access
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Amenities: Gated
  • Association Fee: 529.0
  • Association Fee Frequency: Monthly
  • Association Name: GEC Lofts HOA

Fee Information

  • Association Fee Includes: Insurance, Maintenance Grounds, Maintenance Structure, Sewer, Trash, Water

Schools

  • Elementary School: GISD OPEN ENROLL
  • Junior High Dist: 22 - Galveston
  • High School: BALL HIGH SCHOOL
  • Middle Or Junior School: GISD OPEN ENROLL

Lot Info

  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 4458.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 18, 2024
Closed on
Mar 26, 2024
Sold by
Paladin Intergalactic Llc
Bought by
King Mandon and King Shirley
Seller's Agent
Susanna Mayberry
RE/MAX Leading Edge
Buyer's Agent
Sue Johnson
Better Homes and Gardens Real Estate Gary Greene - Galveston
List Price
$369,000
Views
56
Current Estimated Value
$319,615

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-6.20%

Purchase Details

Closed on
Jun 25, 2009
Sold by
Falkenhagen Randall C and Falkenhagen Kathy J
Bought by
Aranibar Mauricio Josue and Aranibar Roberto

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,000
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 8, 2005
Sold by
Church Street Partners Ltd
Bought by
Falkenhagen Randall C and Falkenhagen Kathy J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,400
Interest Rate
6%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
King Mandon -- Stewart Title
Aranibar Mauricio Josue -- Stewart Title Company
Falkenhagen Randall C -- Stewart Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Aranibar Mauricio Josue $145,000
Previous Owner Falkenhagen Randall C $127,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/29/2024 03/29/24 Sold -- -- --
03/02/2024 03/02/24 Pending -- -- --
02/25/2024 02/25/24 Price Changed $359,000 -2.7% $376 / Sq Ft
01/18/2024 01/18/24 For Sale $369,000 -- $387 / Sq Ft
Source: Houston Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $4,645 $268,370 $16,410 $251,960
2023 $4,645 $255,061 $16,410 $238,651
2022 $5,115 $253,726 $16,410 $237,316
2021 $4,733 $209,240 $16,410 $192,830
2020 $4,939 $206,100 $16,410 $189,690
2019 $4,924 $199,680 $16,410 $183,270
2018 $3,935 $159,030 $16,410 $142,620
2017 $3,888 $159,030 $16,410 $142,620
2016 $3,888 $159,029 $16,409 $142,620
2015 $3,936 $159,029 $16,409 $142,620
2014 $3,987 $159,029 $16,409 $142,620
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Houston Association of REALTORS®

MLS Number: 20005436

Houston Association of REALTORS®

APN: 3508-0000-0003-100